Wrap Text
Disclosure Made According to the Requirements of the Law of 2 May 2007
Anheuser-Busch InBev SA/NV
(Incorporated in the Kingdom of Belgium)
Register of Companies Number: 0417.497.106
Euronext Brussels Share Code: ABI
Mexican Stock Exchange Share Code: ANB
NYSE ADS Code: BUD
JSE Share Code: ANH
ISIN: BE0974293251
("AB InBev" or the "Company")
Disclosure Made According to the
Requirements of the Law of 2 May 2007
Regulated information1
13 November 2025 – Anheuser-Busch InBev (Euronext: ABI) (NYSE: BUD) (MEXBOL: ANB) (JSE:ANH) ("AB
InBev") ("the Company") announces today, in accordance with article 14, first paragraph of the Law of 2 May 2007,
that it received two transparency notifications from BlackRock, Inc.: one dated 10 November 2025 and one dated
11 November 2025, in accordance with articles 6 and 18 of the Law of 2 May 2007.
The percentage of total voting rights held by BlackRock, Inc. has first crossed upwards the threshold of 3% on
7 November 2025, as a result of acquisitions of voting securities or voting rights in the Company. Then the
percentage of total voting rights held by BlackRock, Inc. has crossed downwards the threshold of 3% on 10
November 2025, as a result of disposals of voting securities or voting rights in the Company.
The transparency notification dated 10 November 2025 contains the following information:
1. Date notification: Notification dated 10 November 2025.
2. Reason for the notification: Acquisition or disposal of voting securities or voting rights. Acquisition or
disposal of financial instruments that are treated as voting securities.
3. Notification by: A parent undertaking or controlling person.
4. Persons subject to the notification obligation:
Name Address (for legal entities)
BlackRock, Inc. 50 Hudson Yards, New York, NY, 10001, U.S.A.
BlackRock (Singapore) Limited 20 Anson Road #18-01, Singapore, 79912, Singapore
BlackRock Advisors (UK) Limited 12 Throgmorton Avenue, London, EC2N 2DL, U.K.
BlackRock Advisors, LLC 50 Hudson Yards, New York, NY, 10001, U.S.A.
161 Bay Street, Suite 2500, Toronto, Ontario, M5J 2S1,
BlackRock Asset Management Canada Limited
Canada
BlackRock Asset Management Deutschland AG Lenbachplatz 1 1st Floor, Munich, 80333-MN3, Germany
15/F, 16/F, 17/F Citibank Tower & 17/F ICBC Tower, 3
BlackRock Asset Management North Asia Limited
Garden Road, Central, Hong Kong
BlackRock Financial Management, Inc. 50 Hudson Yards, New York, NY, 10001, U.S.A.
BlackRock Fund Advisors 400 Howard Street, San Francisco, CA, 94105, U.S.A.
BlackRock Institutional Trust Company, National
400 Howard Street, San Francisco, CA, 94105, U.S.A.
Association
BlackRock Investment Management (Australia) Level 37 Chifley Tower, 2 Chifley Square, Sydney NSW
Limited 2000, Australia
BlackRock Investment Management (UK) Limited 12 Throgmorton Avenue, London, EC2N 2DL, U.K.
BlackRock Investment Management, LLC 1 University Square Drive, Princeton, NJ, 8540, U.S.A.
1-8-3 Marunouchi Chiyoda-ku, Trust Tower Main, Tokyo,
BlackRock Japan Co., Ltd.
100-8217, Japan
Aperio Group, LLC 3 Harbor Dr Suite 204, Sausalito, CA 94965, U.S.A.
Corporation Service Company, 251 Little Falls Drive,
SpiderRock Advisors, LLC
Wilmington, DE 19808, U.S.A.
5. Date of transaction: 7 November 2025
6. Threshold that is crossed (in %): 3
7. Denominator: 2,019,241,973
8. Details:
1The enclosed information constitutes regulated information as defined in the Belgian Royal Decree of 14 November 2007 regarding the
duties of issuers of financial instruments which have been admitted for trading on a regulated market.
A) Voting rights Previous notification After the transaction
# of voting rights # of voting rights % of voting rights
Not Not
linked to Linked to linked to
Holders of voting rights Linked to securities
the securities the
securities securities
BlackRock, Inc. 0 0 0.00%
BlackRock (Singapore)
62,000 68,127 0.00%
Limited
BlackRock Advisors (UK)
14,274,355 14,755,878 0.73%
Limited
BlackRock Advisors, LLC 783,776 696,824 0.03%
BlackRock Asset
1,171,837 1,196,334 0.06%
Management Canada Limited
BlackRock Asset
Management Deutschland 3,779,950 3,798,145 0.19%
AG
BlackRock Asset
Management North Asia 23,858 52,963 0.00%
Limited
BlackRock Financial
144,073 146,164 0.01%
Management, Inc.
BlackRock Fund Advisors 17,931,267 18,060,348 0.89%
BlackRock Institutional Trust
Company, National 12,338,337 12,381,730 0.61%
Association
BlackRock Investment
Management (Australia) 454,731 492,123 0.02%
Limited
BlackRock Investment
2,942,709 4,648,801 0.23%
Management (UK) Limited
B
lackRock Investment
666,655 852,096 0.04%
Management, LLC
BlackRock Japan Co., Ltd. 1,244,493 1,114,391 0.06%
Aperio Group, LLC 35,685 36,061 0.00%
Subtotal 55,853,726 58,299,985 2.89%
TOTAL 58,299,985 2.89%
B) Equivalent financial
After the transaction
instruments
# of voting rights
Type of Exercise
Holders of equivalent Expiration that may be acquired % of voting
financial period Settlement
financial instruments date if the instrument is rights
instrument or date
exercised
BlackRock Advisors (UK) Securities
642,141 0.03% physical
Limited Lending
BlackRock Financial Contract for
478,103 0.02% cash
Management, Inc. Difference
BlackRock Institutional Trust
Contract for
Company, National 243,774 0.01% cash
Difference
Association
BlackRock Investment Contract for
86 0.00% cash
Management (UK) Limited Difference
BlackRock Investment Contract for
7,329 0.00% cash
Management, LLC Difference
BlackRock Advisors (UK) Depositary
299,589 0.01%
Limited Receipt
BlackRock Institutional Trust
Depositary
Company, National 4,149 0.00%
Receipt
Association
Depositary
Aperio Group, LLC 918,191 0.05%
Receipt
Depositary
SpiderRock Advisors, LLC 391 0.00%
Receipt
TOTAL 2,593,753 0.13%
% of voting
TOTAL (A & B) # of voting rights
rights
60,893,738 3.02%
9. Chain of controlled entities through which the shareholding is effectively held: Included in annex.
10. Additional information: The disclosure obligation arose due to total holdings in voting rights for BlackRock,
Inc. going above 3%.
The transparency notification dated 11 November 2025 contains the following information:
1. Date notification: Notification dated 11 November 2025.
2. Reason for the notification: Acquisition or disposal of voting securities or voting rights. Acquisition or
disposal of financial instruments that are treated as voting securities. Downward crossing of the lowest
threshold.
3. Notification by: A parent undertaking or controlling person.
4. Persons subject to the notification obligation:
Name Address (for legal entities)
BlackRock, Inc. 50 Hudson Yards, New York, NY, 10001, U.S.A.
BlackRock (Singapore) Limited 20 Anson Road #18-01, Singapore, 79912, Singapore
BlackRock Advisors (UK) Limited 12 Throgmorton Avenue, London, EC2N 2DL, U.K.
BlackRock Advisors, LLC 50 Hudson Yards, New York, NY, 10001, U.S.A.
161 Bay Street, Suite 2500, Toronto, Ontario, M5J 2S1,
BlackRock Asset Management Canada Limited
Canada
BlackRock Asset Management Deutschland AG Lenbachplatz 1 1st Floor, Munich, 80333-MN3, Germany
15/F, 16/F, 17/F Citibank Tower & 17/F ICBC Tower, 3
BlackRock Asset Management North Asia Limited
Garden Road, Central, Hong Kong
BlackRock Financial Management, Inc. 50 Hudson Yards, New York, NY, 10001, U.S.A.
BlackRock Fund Advisors 400 Howard Street, San Francisco, CA, 94105, U.S.A.
BlackRock Institutional Trust Company, National
400 Howard Street, San Francisco, CA, 94105, U.S.A.
Association
BlackRock Investment Management (Australia) Level 37 Chifley Tower, 2 Chifley Square, Sydney NSW
Limited 2000, Australia
BlackRock Investment Management (UK) Limited 12 Throgmorton Avenue, London, EC2N 2DL, U.K.
BlackRock Investment Management, LLC 1 University Square Drive, Princeton, NJ, 8540, U.S.A.
1-8-3 Marunouchi Chiyoda-ku, Trust Tower Main, Tokyo,
BlackRock Japan Co., Ltd.
100-8217, Japan
Aperio Group, LLC 3 Harbor Dr Suite 204, Sausalito, CA 94965, U.S.A.
Corporation Service Company, 251 Little Falls Drive,
SpiderRock Advisors, LLC
Wilmington, DE 19808, U.S.A.
5. Date of transaction: 10 November 2025
6. Threshold that is crossed (in %): 3
7. Denominator: 2,019,241,973
8. Details:
A) Voting rights Previous notification After the transaction
# of voting rights # of voting rights % of voting rights
Not
Not linked
linked to Linked to
Holders of voting rights Linked to securities to the
the securities
securities
securities
BlackRock, Inc. 0 0 0.00%
BlackRock (Singapore)
68,127 65,142 0.00%
Limited
BlackRock Advisors (UK)
14,755,878 14,229,974 0.70%
Limited
BlackRock Advisors, LLC 696,824 664,017 0.03%
BlackRock Asset
1,196,334 1,196,317 0.06%
Management Canada Limited
BlackRock Asset
3,798,145 3,801,486 0.19%
Management Deutschland AG
BlackRock Asset
Management North Asia 52,963 23,858 0.00%
Limited
BlackRock Financial
146,164 195,129 0.01%
Management, Inc.
BlackRock Fund Advisors 18,060,348 18,076,182 0.90%
BlackRock Institutional Trust
Company, National 12,381,730 12,381,668 0.61%
Association
BlackRock Investment
Management (Australia) 492,123 492,123 0.02%
Limited
BlackRock Investment
4,648,801 2,614,846 0.13%
Management (UK) Limited
BlackRock Investment
852,096 771,028 0.04%
Management, LLC
BlackRock Japan Co., Ltd. 1,114,391 1,114,391 0.06%
Aperio Group, LLC 36,061 36,061 0.00%
Subtotal 58,299,985 55,662,221 2.76%
TOTAL 55,662,221 2.76%
B) Equivalent financial
After the transaction
instruments
# of voting rights
Exercise
Holders of equivalent Type of financial Expiration that may be acquired % of voting
period Settlement
financial instruments instrument date if the instrument is rights
or date
exercised
BlackRock Advisors (UK)
Securities Lent 642,141 0.03% physical
Limited
BlackRock Financial Contract for
461,397 0.02% cash
Management, Inc. Difference
BlackRock Institutional
Contract for
Trust Company, National 236,018 0.01% cash
Difference
Association
BlackRock Investment Contract for
86 0.00% cash
Management (UK) Limited Difference
BlackRock Investment Contract for
7,329 0.00% cash
Management, LLC Difference
BlackRock Advisors (UK) Depositary
299,589 0.01%
Limited Receipt
BlackRock Institutional
Depositary
Trust Company, National 4,149 0.00%
Receipt
Association
Depositary
Aperio Group, LLC 921,777 0.05%
Receipt
Depositary
SpiderRock Advisors, LLC 391 0.00%
Receipt
TOTAL 2,572,877 0.13%
% of voting
TOTAL (A & B) # of voting rights
rights
58,235,098 2.88%
9. Chain of controlled entities through which the shareholding is effectively held: Included in annex.
10. Additional information: The disclosure obligation arose due to total holdings in voting rights for BlackRock,
Inc. going below 3%.
Notifications of significant shareholdings to be made according to the Law of 2 May 2007 or AB InBev's bylaws,
should be sent to jan.vandermeersch@ab-inbev.com.
This press release can be consulted on AB InBev's website via this link www.ab-inbev.com.
About Anheuser-Busch InBev (AB InBev)
Anheuser-Busch InBev (AB InBev) is a publicly traded company (Euronext: ABI) based in Leuven, Belgium, with secondary
listings on the Mexico (MEXBOL: ANB) and South Africa (JSE: ANH) stock exchanges and with American Depositary Receipts
on the New York Stock Exchange (NYSE: BUD). As a company, we dream big to create a future with more cheers. We are
always looking to serve up new ways to meet life's moments, move our industry forward and make a meaningful impact in the
world. We are committed to building great brands that stand the test of time and to brewing the best beers using the finest
ingredients. Our diverse portfolio of well over 500 beer brands includes global brands Budweiser®, Corona®, Stella Artois®
and Michelob ULTRA®; multi-country brands Beck's®, Hoegaarden® and Leffe®; and local champions such as Aguila®,
Antarctica®, Bud Light®, Brahma®, Cass®, Castle®, Castle Lite®, Cristal®, Harbin®, Jupiler®, Modelo Especial®, Quilmes®,
Victoria®, Sedrin®, and Skol®. Our brewing heritage dates back more than 600 years, spanning continents and generations.
From our European roots at the Den Hoorn brewery in Leuven, Belgium. To the pioneering spirit of the Anheuser & Co brewery
in St. Louis, US. To the creation of the Castle Brewery in South Africa during the Johannesburg gold rush. To Bohemia, the
first brewery in Brazil. Geographically diversified with a balanced exposure to developed and developing markets, we leverage
the collective strengths of approximately 144 000 colleagues based in nearly 50 countries worldwide. For 2024, AB InBev's
reported revenue was 59.8 billion USD (excluding JVs and associates).
Anheuser-Busch InBev Contacts
Investors Media
Shaun Fullalove Media Relations
E-mail: shaun.fullalove@ab-inbev.com E-mail: Media.Relations@ab-inbev.com
Ekaterina Baillie
E-mail: ekaterina.baillie@ab-inbev.com
Cyrus Nentin
E-mail: cyrus.nentin@ab-inbev.com
14 November 2025
JSE Sponsor: Questco Corporate Advisory Proprietary Limited
Annex: Full chain of controlled undertakings through which the holding is effectively held, if applicable:
BlackRock, Inc. BlackRock, Inc. BlackRock, Inc.
BlackRock Saturn Subco, LLC BlackRock Saturn Subco, LLC BlackRock Saturn Subco, LLC
BlackRock Finance, Inc. BlackRock Finance, Inc. BlackRock Finance, Inc.
BlackRock Holdco 2, Inc. BlackRock Holdco 2, Inc. BlackRock Holdco 2, Inc.
BlackRock Financial Management, Inc. BlackRock Financial Management, Inc. BlackRock Financial Management, Inc.
BlackRock International Holdings, Inc. BlackRock Holdco 4, LLC BlackRock Capital Holdings, Inc.
BR Jersey International Holdings L.P. BlackRock Holdco 6, LLC BlackRock Advisors, LLC
BlackRock (Singapore) Holdco Pte. BlackRock Delaware Holdings Inc.
Ltd. BlackRock Fund Advisors BlackRock, Inc.
BlackRock HK Holdco Limited BlackRock Saturn Subco, LLC
BlackRock Lux Finco S.a.r.l. BlackRock, Inc. BlackRock Finance, Inc.
BlackRock Japan Holdings GK BlackRock Saturn Subco, LLC BlackRock Holdco 2, Inc.
BlackRock Japan Co., Ltd. BlackRock Finance, Inc. BlackRock Financial Management, Inc.
BlackRock Holdco 2, Inc. BlackRock International Holdings, Inc.
BlackRock, Inc. BlackRock Financial Management, Inc. BR Jersey International Holdings L.P.
BlackRock Saturn Subco, LLC BlackRock Holdco 3, LLC
BlackRock Finance, Inc. BlackRock, Inc. BlackRock Cayman 1 LP
Trident Merger, LLC BlackRock Saturn Subco, LLC BlackRock Cayman West Bay Finco
BlackRock Investment Management, BlackRock Finance, Inc. Limited
LLC BlackRock Holdco 2, Inc. BlackRock Cayman West Bay IV
BlackRock Financial Management, Inc. Limited
BlackRock, Inc. BlackRock International Holdings, Inc. BlackRock Group Limited
BlackRock Saturn Subco, LLC BR Jersey International Holdings L.P. BlackRock Finance Europe Limited
BlackRock Finance, Inc. BlackRock (Singapore) Holdco Pte. BlackRock Advisors (UK) Limited
BlackRock Holdco 2, Inc. Ltd.
BlackRock Financial Management, Inc. BlackRock HK Holdco Limited BlackRock, Inc.
BlackRock International Holdings, Inc. BlackRock Asset Management North BlackRock Saturn Subco, LLC
BR Jersey International Holdings L.P. Asia Limited BlackRock Finance, Inc.
BlackRock Holdco 3, LLC BlackRock Holdco 2, Inc.
BlackRock Cayman 1 LP BlackRock, Inc. BlackRock Financial Management, Inc.
BlackRock Cayman West Bay Finco BlackRock Saturn Subco, LLC BlackRock International Holdings, Inc.
Limited BlackRock Finance, Inc. BR Jersey International Holdings L.P.
BlackRock Cayman West Bay IV BlackRock Holdco 2, Inc. BlackRock (Singapore) Holdco Pte.
Limited BlackRock Financial Management, Inc. Ltd.
BlackRock Group Limited BlackRock International Holdings, Inc. BlackRock (Singapore) Limited
BlackRock Finance Europe Limited BR Jersey International Holdings L.P.
BlackRock Investment Management BlackRock Holdco 3, LLC BlackRock, Inc.
(UK) Limited BlackRock Cayman 1 LP BlackRock Saturn Subco, LLC
BlackRock Cayman West Bay Finco BlackRock Finance, Inc.
BlackRock, Inc. Limited Trident Merger, LLC
BlackRock Saturn Subco, LLC BlackRock Cayman West Bay IV BlackRock Investment Management,
BlackRock Finance, Inc. Limited LLC
BlackRock Holdco 2, Inc. BlackRock Group Limited Amethyst Intermediate, LLC
BlackRock Financial Management, Inc. BlackRock Finance Europe Limited Aperio Holdings, LLC
BlackRock International Holdings, Inc. BlackRock (Netherlands) B.V. Aperio Group, LLC
BR Jersey International Holdings L.P. BlackRock Asset Management
BlackRock Australia Holdco Pty. Ltd. Deutschland AG BlackRock, Inc.
BlackRock Investment Management BlackRock Saturn Subco, LLC
(Australia) Limited BlackRock, Inc. BlackRock Finance, Inc.
BlackRock Saturn Subco, LLC Trident Merger, LLC
BlackRock, Inc. BlackRock Finance, Inc. Web Holdings, LLC
BlackRock Saturn Subco, LLC BlackRock Holdco 2, Inc. SpiderRock Advisors, LLC
BlackRock Finance, Inc. BlackRock Financial Management, Inc.
BlackRock Holdco 2, Inc. BlackRock International Holdings, Inc.
BlackRock Financial Management, Inc. BlackRock Canada Holdings ULC
BlackRock Holdco 4, LLC BlackRock Asset Management Canada
BlackRock Holdco 6, LLC Limited
BlackRock Delaware Holdings Inc.
BlackRock Institutional Trust
Company, National Association
Date: 14-11-2025 07:35:00
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